Practice Firm
Business simulation is simulation used for business training or analysis. It can be scenario-based or numeric-based.
Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership.
The business gaming community seems lately to have adopted the term business simulation game instead of just gaming or just simulation. The word simulation is sometimes considered too mechanistic for educational purposes. Simulation also refers to activities where an optimum for some problem is searched for, while this is not usually the aim of an educational game. On the other hand, the word game can imply time wasting, not taking things too seriously and engaging in an exercise designed purely for fun. The concept of simulation gaming seems to offer the right combination and balance between the two. Simulation gaming is also the term that the educational gaming community has adopted.
Read more about Practice Firm: Games and Business Simulation Games, History, Scenario Simulations, Numeric Simulations, Types of Business Simulation Games, The Simulation Gaming Process, See Also, External Links
Famous quotes containing the words practice and/or firm:
“The practice of S/M is the creation of pleasure.... And that’s why S/M is really a subculture. It’s a process of invention. S/M is the use of a strategic relationship as a source of pleasure.”
—Michel Foucault (1926–1984)
“With wavering steps does fickle fortune stray,
Nowhere she finds a firm and fixed abode;
But now all smiles, and now again all frowns,
She’s constant only in inconstancy.”
—Ovid (Publius Ovidius Naso)